NEW YORK, NY / ACCESSWIRE / April 12, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Globe Life Inc. ("Globe Life" or "the Company") (NYSE:GL). Investors who purchased Globe Life securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/GL.
Investigation Details:
On April 11, 2024, Fuzzy Panda Research ("Fuzzy Panda") published a report on Globe Life entitled "Globe Life (GL): Executives Disregarded Wide-Ranging ‘Insurance Fraud' While They Received Millions in Undisclosed Kick-Back Scheme." In the report, Fuzzy Panda claimed to have "uncovered extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times," including policies written for dead and fictitious people. Citing interviews with former executives and sales agent, the report also alleged that third-party policy sellers known to have committed insurance fraud accounted for over 60% of new business for the Company's American Income Life division. On this news, Globe Life's stock price fell $55.76 per share, or 53.14%, to close at $49.17 per share on April 11, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Globe Life securities, you can assist this investigation by visiting the firm's site: bgandg.com/GL. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC